The smart irrigation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Smart Irrigation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The smart irrigation market size has grown rapidly in recent years. It will grow from $1.61 billion in 2023 to $1.87 billion in 2024 at a compound annual growth rate (CAGR) of 16.2%. The growth in the historic period can be attributed to water scarcity, environmental concerns, precision agriculture, government regulations, urbanization and landscaping.
The smart irrigation market size is expected to see rapid growth in the next few years. It will grow to $3.36 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to climate change impact, population growth and food demand, water resource management, cost savings, increasing adoption in landscaping, government initiatives. Major trends in the forecast period include iot and big data, technological advancements, wireless connectivity, integration with weather data, remote monitoring and control, industry-specific solutions.
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Scope Of Smart Irrigation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The growth of smart cities is significantly contributing to the growth of the smart irrigation market going forward. The increase in the importance of efficient watering solutions for non-agricultural practices is the major driving factor for the growth of this market. As smart cities are being the ongoing trend in major parts of the world, they emphasize efficient management of water practices for both commercials as well as residential spaces. For instance, according to Cities Today, a US-based magazine, the number of smart city projects in 2020 grew by 14% from 2019 and is expected to increase at a faster rate in 2023 and 2024. Therefore, an increase in smart cities helps in the growth of the smart irrigation market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The smart irrigation market covered in this report is segmented –
1) By Type: Climate-Based, Sensor-Based
2) By Technology: Evapotranspiration, Soil Moisture
3) By Component: Sensors, Controllers, Water Flow Meters, Software, Other Components
4) By End User: Agriculture, Golf Course, Residential, Other End Users
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Regional Insights –
North America was the largest region in the smart irrigation market in 2023. The regions covered in the smart irrigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the smart irrigation market report are AquaSpy Inc., Calsense, Galcon Ltd., Hunter Industries Inc., HydroPoint Data Systems Inc., Netafim USA, Rachio Inc., Rain Bird Corporation, Stevens Water Monitoring Systems Inc., The Toro Company, Weathermatic Industries Inc., Banyan Water Inc., Caipos GmbH, Delta-T Devices Ltd., Jain Irrigation Systems Ltd., Manna Irrigation Ltd., Orbit Irrigation Products LLC, Soil Scout Oy, Valmont Industries Inc., Nelson Irrigation Corporation, Tucor Inc., Irritec S. p. A., Antelco Pty Ltd., Conserva Irrigation Holdings LLC, WaterBit Inc., Hortau Inc., Ewing Irrigation & Landscape Supply Inc., Signature Control Systems Inc., Green IQ Ltd., Hortech Systems Ltd., Spraying Systems Co., Acclima Inc., HortControl LLC
Table of Contents
1. Executive Summary
2. Smart Irrigation Market Characteristics
3. Smart Irrigation Market Trends And Strategies
4. Smart Irrigation Market – Macro Economic Scenario
5. Global Smart Irrigation Market Size and Growth
…..
32. Global Smart Irrigation Market Competitive Benchmarking
33. Global Smart Irrigation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Smart Irrigation Market
35. Smart Irrigation Market Future Outlook and Potential Analysis
36. Appendix
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